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FOX News
Jul 16, 2011 7:00am PDT
a statement running in britain's national newspapers, apologizing for serious wrongdoing and british police say they've arrested at least seven people in the phone hacking investigation and recovered a list of 3700 names of potential victims. news the world shut its doors last week, owned by newscorp, the parent company of fox news. i'm jamie colby, more developments as they happen. now back to bulls and bears only here on the fox news chann channel. >> brenda: consumers feeling down, with prisses on almost everything going up. general mills the late he is to warn of price spikesen it's not just food. cars, clothes, health care, you name it, all up last month. eric, how bad is it going to get? >> going to get a lot worse, brenda. only three ways out of it. if you print money you can do qe3 or whatever to pay some of the debt. prices go up because you devalue the dollar. if you borrow from china to put in the other pocket. prices go up. if you tax people more, prices are going to go up because people have to figure out a way they're going to be chasing after the same amount of goods and pay
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